Sovereign Metals Balance Sheet Health
Financial Health criteria checks 6/6
Sovereign Metals has a total shareholder equity of A$44.3M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$45.6M and A$1.4M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$39.44m |
Equity | AU$44.26m |
Total liabilities | AU$1.38m |
Total assets | AU$45.65m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SVML's short term assets (A$40.0M) exceed its short term liabilities (A$1.4M).
Long Term Liabilities: SVML has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SVML is debt free.
Reducing Debt: SVML has not had any debt for past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: SVML has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: SVML has sufficient cash runway for 1.7 years if free cash flow continues to reduce at historical rates of 23.6% each year.